FILE PHOTO: Telenor's logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica/File Photo
OSLO: Norway's Telenor posted higher-than-expected fourth-quarter operating profits on Wednesday and said it expects its underlying earnings to rise in 2020 after last year's decline.
The company's October-December profit before interest, tax, depreciation and amortisation (adjusted EBITDA) rose 17% year-on-year to 11.88 billion Norwegian crowns ($1.33 billion), while analysts on average had expected profits of 11.68 billion.
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